SpaceX Preparing for 2026 IPO Potentially Valued Over $1 Trillion
SpaceX is reportedly preparing for an initial public offering (IPO) in 2026 that could raise more than $25 billion and value the company at over $1 trillion, according to Reuters citing an unnamed source. Bloomberg provides a separate estimate suggesting the raise could exceed £30 billion with a target valuation around $1.5 trillion.
Funds from the flotation would be used to finance SpaceX's space-based data centers, including chips needed to operate them. The company projects 2025 revenue to be about $15 billion, rising to between $22 billion and $24 billion in 2026, with most of the revenue coming from the Starlink satellite internet service.
Elon Musk has commented that reports of an $800 billion valuation were inaccurate, emphasizing that SpaceX has been cash-flow positive and conducts biannual stock buybacks. He noted that the company’s valuation is closely linked to its progress with the Starship rocket, Starlink, and securing global direct-to-cell spectrum.
If realized, this IPO would rank among the largest ever conducted, with Saudi Aramco's 2019 listing as a comparison, which raised $29 billion at a $1.7 trillion valuation. Reuters also reports that SpaceX has approached banks about the IPO, aiming for a potential listing around June or July 2026.
